Coca-Cola HBC (OTCMKTS:CCHGY) Stock Passes Above 50 Day Moving Average - Should You Sell?

Shares of Coca-Cola HBC (OTCMKTS:CCHGY - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $52.42 and traded as high as $54.60. Coca-Cola HBC shares last traded at $54.49, with a volume of 1,103 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CCHGY shares. Wall Street Zen cut Coca-Cola HBC from a "strong-buy" rating to a "buy" rating in a report on Monday, June 9th. Berenberg Bank raised Coca-Cola HBC to a "strong-buy" rating in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola HBC in a report on Friday, July 4th. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Coca-Cola HBC Stock Down 0.5%

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.17 and a quick ratio of 0.95. The stock has a 50-day moving average price of $52.58 and a 200 day moving average price of $45.26.

Coca-Cola HBC Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 2nd were given a $1.1203 dividend. This is an increase from Coca-Cola HBC's previous dividend of $0.60. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 2.07%.

About Coca-Cola HBC

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.